Ecosystem Weekly | 26th Jul ’20
Petronet renews investment deal with US LNG developer TellurianIndia’s top gas importer, Petronet LNG, has renewed its initial deal to consider investing $2.5 billion in U.S. liquefied natural gas (LNG) developer Tellurian Inc’s Driftwood project, Indian sources familiar with the matter said.
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InCred secures Rs 500 Cr in debt led by public sector banks, financial institutionsMumbai-based NBFC InCred has raised Rs 500 crore debt funding from various public sector banks and public financial institutions.
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based financial-technology firm Jodo has raised $4 Mn in seed funding from Matrix Partners, SAIF Partners, and other HNIs
- Tamil Nadu-based Agritech startup Vegrow has raised $2.5 Mn in seed funding from Matrix Partners India, Ankur Capital, Better Capitals, Titan Capital, Sanjiv Rangrass and Rohit MA
- Kochi-based Local language learning startup Entri has raised $2 Mn from a set of investors led by Good Capital. The company will use the newly-raised fund to capitalize on the opportunity ahead and ramp up marketing, and to produce more content in the coming months
- Bengaluru-based iNurture Education Solutions has raised $1 Mn in debt funding from existing investor BlackSoil Capital. The company will use the funds to boost its digital higher education platform and meet its working capital needs
- Gurugram-based fashion tech startup StyleDotMe has raised $47 k in Pre-Series A funding from Survam Partners, Bobby Kothari, Director, Jewelex India, and existing investor IAN
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